The total development cost is around MUSD 600.70 (approx Rs.2900 crores) to be equally shared by both the sides. It is planned to manufacture 205 aircraft with 50:50 work share between HAL and the Russian partners.

A Joint Venture Company (JVC) is being established with its headquarters at Bangalore, India for executing the MTA project in which HAL and Russian Participants will have equal shareholding.

Development and certification of the MTA will take 6 years from 'Go-ahead' of the project. It is planned to start the project in January, 2011 after incorporation of the Joint Venture programme.

The agreement for JV Company were exchanged by Mr NC Agarwal, Director (Design & Development) of HAL , Mr S.K Kornev, Head of the Dept. (Air) of Rosoboronexport , and Mr S.V Velmozhkin, General Director of UAC-Transport Aircraft at New Delhi on Sep 09, 2010, in presence of HAL, UAC & Rosoboronexport dignitaries.

MTA is a 15-20 tonnes payload capacity Aircraft which would meet the requirement of the Indian Air Force and the Russian Air Force. The project has been approved by both the Government of India and the Government of Russian Federation.

The main features of MTA are: Maximum takeoff weight 65 tonnes, Payload Capacity 15-20 tonnes, Cruise Speed 800 kmph, Range 2500-2700 km, Service ceiling 12 km. The Aircraft will have two engines, state of the art features such as fly-by-wire, full authority digital engine control, modern avionics and glass cockpit.